Catalytica Energy Systems Receives Award From the California Energy Commission for Expanded Application of Xonon.Business Editors MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Sept. 25, 2001 Catalytica Energy Systems, Inc. (Nasdaq: CESI CESI Centro Elettrotecnico Sperimentale Italiano (Italy) CESI Chauffe-Eau Solaire Individuel CESI Centre d'Etudes Superieures Industrielles (French) CESI Canadian Educational Standards Institute ) announced today that the California Energy Commission The California Energy Commission is California’s primary energy policy and planning agency. Created in 1974 and headquartered in Sacramento, the Commission has responsibility for activities that include forecasting future energy needs, promoting energy efficiency through (CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. ) has released a Notification of Proposed Award of $3 million to Catalytica Energy Systems to help fund application of the Company's Xonon(TM) Cool Combustion system to a multi-combustor gas turbine engine. Catalytica Energy Systems was one of three companies to receive the top score out of 47 proposals received by the Environmentally Preferred Advanced Generation Program sponsored by the CEC's Public Interest Energy Research (PIER) Program. This award will help fund a new program, which the Company expects to launch in the fourth quarter this year, focusing on the design and integration of Xonon into a small, under 15 megawatt meg·a·watt n. Abbr. MW One million watts. meg  a·watt (MW), multiple combustor com·bus·tor n. A combustion chamber and its igniters, injectors, and other related apparatus in a jet engine or gas turbine. A name generally assigned to the combination of flame holder or stabilizer, igniter, combustion chamber, and "multi-can" gas turbine. Catalytica Energy Systems expects to partner with a gas turbine manufacturer who has demonstrated an interest in commercializing Xonon on one of its multi-can turbine models to participate in this effort. Successful completion of the development work for this program will culminate culminate, in astronomy, the maximum height in the sky reached by a celestial body on a given day. At the culminate the body is crossing the observer's celestial meridian and is said to be in upper transit. in an engine test under full-scale operating conditions, followed by commercialization of the Xonon-equipped multi-combustor gas turbine. "This award will enable us to further pursue and accelerate our application of Xonon to a broader range of gas turbine sizes and configurations," stated Craig Kitchen, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Catalytica Energy Systems. "A great number of gas turbine models in the market today, from the smallest to the largest, employ a multi-can combustor configuration. Developing Xonon for small gas turbines with multiple combustors is the next logical step in our strategy to expand the addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market for our product." Kitchen continued, "The California Energy Commission has been a long-time supporter of our Xonon technology. In fact, prior funding from its PIER Program made possible the initiation of our field demonstration of Xonon at Silicon Valley Power, which has successfully demonstrated ultra-low emissions of NOx while operating on a 1.4 MW gas turbine for over 8,000 hours, supplying clean power to the electric utility grid. We are pleased that the CEC continues to value the potential of our technology and are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to have received this latest award." The PIER Program was created by the CEC in 1997 to conduct public interest energy research that seeks to improve the quality of life for California citizens by providing environmentally sound, safe, reliable and affordable energy services and products. For more information regarding the PIER Program and these awards, please visit the CEC's website at www.energy.ca.gov. Catalytica Energy Systems designs and develops advanced products for more effective energy production. Its proprietary technologies include the use of catalysts to create solutions to ease the environmental impact of power generation. The Company's first product, Xonon Cool Combustion, is a breakthrough combustion technology that achieves ultra-low emissions levels for gas turbine power production. Xonon prevents the formation of pollution, particularly nitrogen oxides Noun 1. nitrogen oxide - any of several oxides of nitrogen formed by the action of nitric acid on oxidizable materials; present in car exhausts pollutant - waste matter that contaminates the water or air or soil (NOx), a primary contributor to smog, through a proprietary catalytic cat·a·lyt·ic adj. Of, involving, or acting as a catalyst: "Deregulation's catalytic power . . . is still reshaping the banking, communications, and transportation industries" Ellyn E. combustion process. Additional technology development efforts include work on fuel processing for fuel cells, as well as adaptation of Xonon technology to micro-turbines, hybrid gas turbine fuel cells, and diesel applications. Find Catalytica Energy Systems on the Worldwide Web at www.CatalyticaEnergy.com. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding the timing of receipt of funding from the California Energy Commission, the successful development of Xonon for a gas turbine with a multiple combustor configuration, the timing of such development, the ability of Catalytica Energy Systems to partner with an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and on this program, the potential for engine testing and commercialization of a Xonon-equipped multi-can engine, Catalytica Energy Systems' ability to broaden the application of its Xonon technology to a broader range of gas turbine sizes and configurations, the market demand for Xonon-equipped gas turbines, and the growth prospects for Catalytica Energy Systems' business. These statements are subject to risks and uncertainties that could cause actual results and events to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, among others: the fact that there may be unanticipated technical, commercial or other factors related to the development and application of Xonon to multi-can gas turbines, possible fluctuations in the demand for Catalytica Energy Systems' products, possible fluctuations in economic conditions affecting the markets for Catalytica Energy Systems' products, the risk that a market may not develop or be maintained for Catalytica Energy Systems' products, and that results may differ from those stated and the other risks set forth in the Catalytica Energy Systems' prospectus filed with the Securities and Exchange Commission on August 8, 2001. Catalytica Energy Systems undertakes no obligation to update any forward-looking statements to reflect new information, events, or circumstances occurring after the date of this release. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : Xonon and Xonon Cool Combustion are registered trademarks of Catalytica Energy Systems, Inc. Mountain View, CA, USA |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion